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SOFI TECHNOLOGIES, INCSOFI TECHNOLOGIES, INCSOFI TECHNOLOGIES, INC

SOFI TECHNOLOGIES, INC

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SOFI trade ideas

$SOFI - Cup and handle invalidated and price hit bearish targetIn my previous post I stated that there is a chance that the pattern can fail and price could retreat to $6 area. The price never retested the lip area and the cup & handle pattern has been invalidated and the price retreated to $6. That's why it's important to observe validation and invalidation points in patterns. So whats next? $6 is supposed to be a strong support area and a very critical area for the bulls and if held, the stock can bounce back to $6.68 to $7.11 area. If the price breaks below $6 we can see $5.50 with the support at around $5.75 area. What will it be? ------------------------------------------ Disclaimer: Not investment advice. If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
NASDAQ:SOFI
by PaperBozz
$SOFI - Cup & handle or rounding bottomSofi seems to have found a bottom and broke out of the descending broadening wedge with cup and handle pattern. Technically speaking cup and handles are continuation patterns and they are normally found on uptrend. Hence some may want to call this a round bottom or saucer bottom. So call it what you want. If the price can break above $8.50 area which is above the lip area of the cup or saucer, we can see the price move up to $10.58 which is the 200 DMA area. However there is a risk that the pattern fails and we could revisit $6 area. Target 1 - $8.50 Target 2 - $10.58 (200 DMA) Risk - Retreat to $6 If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE). ------------------------ Disclaimer: Not an investment advice.
NASDAQ:SOFILong
by PaperBozz
SOFI - Post ER chart set upKey Levels: - Key Level of 6.75 - If key level can hold support my next resistance target is 6.9 then 7.25 followed by a push to 8 - If key level cannot hold support my next bounce area is 6.55 near the daily 50ema - Earnings Released with increased forecast and revenue numbers. - Broke 7 in AH, looking for another break of 7 for more upside tomorrow. - Small caps/growth stocks on fire right now, with ER out of the way we can see clear skies ahead for SOFI.
NASDAQ:SOFILong
by Cream4349
3
SOFI, DailySOFI , Daily Buy Between 7.05- 7.42 Sell @ T1: 8.41, T2: 9.25 Stop Loss @ 6.96 ---------------------Disclaimer ---------------------- I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
NASDAQ:SOFILong
by adhamdallou
1
SOFI - Adam and EveQuite a number of beaten down stock are showing bullish reversal formations. SOFI is looking to form one such pattern, namely the Adam & Eve. While it is still way below the 200 day moving average, it's RSI is strong and might be worthwhile to "test" some water on these stocks. However market turns could still be a very volatile period until it can go above the 200 day moving average again. Hence trade with smaller amounts for a start. If the stock only suffers a shallow sell off after FOMC next week, then it could be sign that the bulls are gaining traction Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:SOFILong
by Juliac
$SOFI - Important timeEven though SOFI broke out of the falling wedge it is currently at the junction of multiple resistance area. 1. inverse head and shoulder neck line 2. symmetrical triangle breakout 3. prior failed breakout area. 4. 50 DMA that it has failed to break above multiple times The company came out with S3 filing for $1 Billion shelf offering and recent reverse split power given to the board is going to act as tremendous head wind to the stock price at this juncture. Bad timing. If the price break above $6.40 and trade above that price level for 3 days, it would be bullish. Otherwise we could see it retrace back to $5.79 - $5.30 area. It will all depend on whether the investors can shake off the shelf offering news. Frustrating time for investors. ------------------------------------ Not an investment advice. Your trading decisions are your own responsibility.
NASDAQ:SOFILong
by PaperBozz
1
SOFI scalpHey everyone, I believe SOFI will pull back in the coming week or two. Reverse-stock splits are typically bad news, so the fact that SOFI pumped today on the momentum of this announcement appears to be an opportunity for an easy scalp. Puts with at least a 7/29 expiration or shorting the stock would be an excellent way to take advantage of this. Expectations are that the stock will drop at least $0.20 and then from there we could see recession fears pull SOFI down a bit more, potentially around $5.90. I believe this may potentially have another day or two of rallying left, so monitor closely on Monday and Tuesday or a good entry point. Some things to be aware of: SOFI is certainly still considered a meme stock, make sure you put your stop buy/sells in place. I would also recommend moving your stop buys down as SOFI crosses it's VWAP or SMA on the way down. If you're brokerage allows it, a trailing limit order or stop buy would be excellent way to protect yourself and any gains.
NASDAQ:SOFIShort
by ThomasTuanNguyen
$SOFI heavy insider buying from CEOI think Anthony Noto is looking at the weekly chart too. Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel. Once it fights through it and closes above it, it should easily hit $7.70. The sweet spot for the majority of people to get out from being underwater is right around the VWAP and what I would consider the next big target, $13.94. (Circled)
NASDAQ:SOFILong
by EBITDAtiger
$SOFI - Can we see a turn?Technically, if we close above $5.5 things can change. Need follow through above $5.50 for at least 3 days to say May 10 low of $4.82 was the bottom. On the bearish side view, if $4.82 is taken out, we can see $3.59. Why? coz it the year long side way channel break down target. By some miracle, if the price break above $6.30, there is a chance that we could see $8. The stock is trading below book value with growing members and increasing revenue. Disclaimer: not an investment advice.
NASDAQ:SOFILong
by PaperBozz
$SOFI let's make some more money 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today my team entered digital finance company $SOFI at $6.70 per share. Our take profit has been set at $10. Our current portfolio: $MIRM, $SOFI, $BABA, and $EQX Our entry: $6.70 Take profit: $10 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:SOFILong
by SimplyShowMeTheMoney
2
SOFI 5/23/2022ZNGA After its Uptrend peaked Jan.’21, ZNGA entered a Distribution stage that saw price move sideways until end of July.’21. Price broke down from range and officially entered Downtrend Aug.’21. The down move saw price fall from 9.70 to 5.69. Early Jan.’22, price bounced on a gap move pullback up to high of 9.17. It failed to break back above 9.72 resistance level. Price entered a minor side-ways range between 8.51 – 9.17 from Jan.’22- end Apr.’22. It has since broken down from this range and has also pulled back turning previous support at 8.51 into resistance. Yesterday’s candlestick closed as a shooting star at resistance. Today’s broke below the low of the shooting star. This my cue to enter trade short. Entry: 8.20 Stoploss: 8.79 Target: 5.87, +28.41%, 3.95 RR ratio
NASDAQ:SOFIShort
by rudcharts
$SOFI earnings today 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered digital finance company Sofi Technologies $SOFI at $6.70 per share on 5/5/22. Our take profit was originally set at $10 per share. Today my team has averaged down on $SOFI at $4.87 per share. This brings our average down to $5.80. We still think that $10 can be reached but to be on the safe side we believe that establishing a take profit at $6.95 is ideal. This would be a 19% increase from our average. Earnings are expected to be reported today after market hours. We were considered adding a stop loss, but it has dropped so much that we believe that there is no longer any need. Ultimately, we are willing to hold this one out until it reaches our take profit. Good luck to all today! first entry: $6.70 2nd entry: $4.87 Take profit: $6.95 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:SOFILong
by SimplyShowMeTheMoney
2